Automotive Dealer Resources to Offer Wolters Kluwer Financial Services' Motor Vehicle Retail Sales Installment Contracts
MINNEAPOLIS, Sept. 24 -- Wolters Kluwer Financial Services today announced that Automotive Dealer Resources, LLC (ADR), which provides independent motor vehicle dealerships and associations with access to a full array of dealership business forms, will expand its product offerings to include Wolters Kluwer Financial Services' preprinted retail sales installment contracts to help independent auto dealers complete consumer finance transactions. The addition of contracts to the ADR document library will ensure that dealerships have immediate access to compliant retail contracts in all 51 U.S. jurisdictions.
The regulatory environment impacting the motor vehicle industry is constantly changing, and auto dealers have the responsibility to continue to make sure they comply with laws at both the state and federal levels. Working together, Wolters Kluwer Financial Services and ADR will help independent auto dealers ensure they are accurately documenting the financing of automobiles. Wolters Kluwer Financial Services' motor vehicle retail sales installment contracts are created and maintained using the company's compliance content, which is built upon more than 50 years of experience and knowledge behind its Bankers System product line. ADR will add these contracts to its current form offerings to give its customers access to a comprehensive set of compliant dealer forms.
"Our goal is to provide our dealers and fellow associations with all the necessary documentation to create a compliant deal jacket," said Nancy Chapman, managing partner, ADR. "By expanding our product offering to include Wolters Kluwer Financial Services' retail installment contracts, independent dealers can find forms to meet a variety of needs all in one location."
"ADR is committed to helping independent auto dealers gain access to compliant forms that grow their business -- and Wolters Kluwer Financial Services can help achieve that goal," said Dave Roy, general manager of Banking at Wolters Kluwer Financial Services. "Dealers can be assured that our retail installment contracts are compliant with all state and federal regulations, which ultimately helps them mitigate risk and receive funding faster."
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP(R) Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne, GainsKeeper(R), CCH(R) Capital Changes, NILS INSource(R), AuthenticWeb(TM) and CCH Wall Street(R).
Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit http://www.wolterskluwerfs.com/.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of euro 3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit http://www.wolterskluwer.com/.
About Automotive Dealer Resources, LLC
Automotive Dealer Resources, LLC (ADR), a Michigan-based organization, was formed in July 2003 to assist independent motor vehicle dealers in selling vehicles and keeping them sold. ADR's purpose is to make sure that every independent automobile dealer in the country has access to forms that, when properly integrated into their business functions, provide a degree of legal protection that they would not otherwise have. ADR contracts with many of the state independent automobile dealer associations, as well as the National Independent Automobile Dealers Association (NIADA), to fulfill that obligation. For more information, visit http://www.dealer-resources.com/.